For Sale
Contact for pricing
1337 S Main St, Keller, TX 76248
Retail space
Property Size5,546 SF
Price / SF$288.50
Days on Market2067
Property Features for 1337 S Main St
General Information
Standard status
Active
Size
5,546 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Vision Commercial Real Estate - Grapevine
(817) 803-3287
Listed By:
Spencer George
(817) 668-6508
Source:
Moodyscre
Added: Feb 24, 2021
Changed: Oct 4
Last Checked: Oct 20 at 6:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vision Commercial Real Estate - Grapevine
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Investment Insights
Based on property information with market context.
Key Highlights
- 5,546 SF freestanding building
- Direct frontage on S Main St / Hwy 377
- Ample surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,055
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,841,100
$1.8M
Cap Rate 7%
$1,315,071
$1.3M
Cap Rate 9%
$1,022,833
$1.0M
Market Conditions
NOI Build-Up for 5,546 SF
Gross rent
$138.4K $24.96/SF
− Vacancy
−$6.9K −$1.25/SF
EGI
$131.5K $23.71/SF
− OpEx
−$39.5K −$7.11/SF
NOI
$92.1K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,841,100
Cap Rate 7%
$1,315,071
Cap Rate 9%
$1,022,833
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.53M
NOI $92,055 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,565 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 43%
Beauty & Spa 1%
Arby's
Dining
5,657 visits/mo
0.4 miles
Exxon
Shops & Services
5,572 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
5,496 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
2,443 visits/mo
0.3 miles
Schlotzsky's
Dining
1,631 visits/mo
0.4 miles
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
Where is this retail space located?
The property is located at 1337 S Main St Keller, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,546 SF freestanding building; Direct frontage on S Main St / Hwy 377; Ample surface parking
